XRP is Poised for a 1,500% Gain If It Breaks This Level, Says Top Analyst
The post XRP is Poised for a 1,500% Gain If It Breaks This Level, Says Top Analyst appeared first on Coinpedia Fintech News
Renowned crypto trader Cryptoinsightuk shed light on the XRP/BTC trading pair, indicating the possibility of an impressive 1500% surge for XRP if it breaks a crucial resistance level. Meanwhile, the anticipated target is 0.00023 on the XRP/BTC chart.
As of the latest data, the XRP/BTC pair is trading at 0.000015, reflecting a 1.46% decrease in the last 24 hours.
XRP Poised for 1500% Surge
Crypto analyst CryptoInsightUK recently shared insights on XRP’s potential trajectory in a tweet. According to the analyst, XRP is currently at the lower end of its range against Bitcoin (BTC), hinting at a potential move of more than 88% against the leading cryptocurrency.
We are sitting at the bottom of the $XRP / $BTC range.
It looks as if an it is only a matter of time for $XRP to make a 88%+ move vs $BTC.
The real fun begins if we can break and hold above the top Grey box though.
If we can break this box we could see a move up to 1,500% VS… pic.twitter.com/wPT3Jm2Oxv
— Cryptoinsightuk (@Cryptoinsightuk) December 17, 2023
While there’s room for gains, the real excitement, as per the expert, hinges on XRP breaking and holding above 0.000028 on the XRP/BTC chart.
Perhaps this breakthrough is seen as a pivotal point that could propel XRP beyond the crucial $1 mark. However, the real game-changer lies in the implications of surpassing this level, with the analysis suggesting the potential for an impressive 1,500% surge in value compared to Bitcoin, reaching 0.00023 on the XRP/BTC chart.
XRP Price Analysis
While other cryptocurrencies celebrate post-regulatory clarity, XRP’s price remains stagnant, surprising many in the crypto sector. Despite expectations of XRP surging beyond $1 after the court ruling, its subdued movement raises concerns.
The ongoing uncertainty from the SEC case, with the potential for an appeal or a settlement, continues to weigh on XRP’s performance. The current situation reflects a struggle between potential upward momentum and strong resistance around the $0.65 mark.
For XRP to see significant gains, it needs a boost from positive news or sentiment in the broader market. Breaking the $0.65 barrier could open doors to test the $0.75 zone, providing investors with key indicators for short-term decision-making.
Filed under: Bitcoin - @ December 18, 2023 6:14 am